Details

Sale Pending

Selling Price: $8,250/Acre

Sale Date: Friday, September 10, 2021 10:30 AM

Sale Location: American Legion 620 First Avenue South St. James. MN.

Bid Online

Bid Form

Documents and Maps

Key Features

141.17+/- Acres Multi-Parcel Live & Online Farmalnd Auction

Location

From the junction of Highway 60 & County road #27 on the south edge of St. James, Minnesota approximately 4-1/2 miles east on 60 to 770th Avenue. Farm is located just off Highway 60 on the southeast corner of that intersection.

Legal Description

PROPERTY LEGAL DESCRIPTION: PT of the N1/2 SW1/4 & PT of the W1/2 NW1/4 exc. building site 23-106-31
Watonwan County, Minnesota. Watonwan County Parcel #100230310

METHOD OF SALE:

PARCEL#1: PT N1/2 SW1/4 23-106N-31W (80 Acres +/-) 
PARCEL #2: PT W1/2 NW1/4 exc. building site 23-106N-31W (61.17 Acres +/-)
PARCEL #3: Combination of #1 & #2 (141.17 Acres +/-)

 

FSA Information

See auction information booklet.

Soils

See auction information booklet.

Surety/Agridata Avg

See auction information booklet.

Improvements

None

Real Estate Taxes

See auction information booklet.

Method of Sale

Public Live & Online Auction

METHOD OF SALE
PARCEL#1: PT N1/2 SW1/4 23-106N-31W (80 Acres +/-) 
PARCEL #2: PT W1/2 NW1/4 exc. building site 23-106N-31W (61.17 Acres +/-)
PARCEL #3: Combination of #1 & #2 (141.17 Acres +/-)

Method of Bidding

Public Live & Online Auction

METHOD OF SALE
PARCEL#1: PT N1/2 SW1/4 23-106N-31W (80 Acres +/-) 
PARCEL #2: PT W1/2 NW1/4 exc. building site 23-106N-31W (61.17 Acres +/-)
PARCEL #3: Combination of #1 & #2 (141.17 Acres +/-)

 

Possession

See auction terms on auction sale bill or information booklet.

Terms

AUCTION SALE TERMS

The property will be offered in 2 tracts & in combination through our multi-parcel bidding system. If the farm is sold in separate parcels to separate buyers the Seller’s will have the boundary line between the two parcels marked by a registered land surveyor. The farm is being sold subject to a cropland lease for 2021 with the Seller’s retaining all 2021 cropland lease payments. The Buyer or Buyers shall enter into a purchase agreement and make a 20% Non-Refundable down-payment the day of the auction. The closing shall be held on December 30, 2021 with the remaining balance due, being split into two payments an additional 30% on 12/30/21 and the remaining balance of 50% payable on 1/3/22. The sale will NOT be contingent upon any buyer financing. The buyer is responsible for all real estate taxes that are due and payable in 2022 and thereafter. Property is being sold “AS IS”, Property is being sold subject to any easements including road, drainage, utility or other easements of record or pending. Buyer agrees to keep the property in compliance with the present CRP contract and assume liability for said contract. The sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing, if any, will be the responsibility of the purchaser pursuant to MN statues. The buyers are responsible for all inspections of the property prior to their purchase of it. The sale is subject to the sellers approval. Any statements made at the auction may take precedence over any printed information. Auction Company & Staff represent the seller in this transaction.

 

ONLINE BIDDING OPTION

Parties that do not wish to attend the auction in person can use our online bidding platform through www.danpikeauction.hibid.com to participate in the auction. Please register for online bidding at least 24 hours ahead of the auction. Buyer is responsible for understanding our multi-parcel bidding process prior to bidding. Please call at least 24 hours ahead of sale if bidding online if you have questions regarding it. For those that wish to participate, but don’t have access to an internet connection and would rather bid by phone that can be arranged as well by calling the Dan Pike Auction company at least 24 hours ahead of the auction to register and make arrangements. This property will be offered via both Live & On-line webcast public auction. Those parties bidding on-line will be required to wire transfer the earnest money and sign the purchase agreements the day of the auction. There will be NO “Buyers Premium” charged to those bidding on-line or in person. 

 

Comments

AUCTIONEER’S NOTE

We are very honored to have been asked to represent the Jorgenson Family with the sale of this property. Please come prepared to purchase as the sellers have chosen the auction method to market this property. If you are considering the purchase of farmland to add to your investment portfolio this is an auction that you will want to attend. The information contained in this sale bill and other information provided by the sellers & their agents is believed to be correct, but is not guaranteed. Any lines on maps are for informational purposes only and are not guaranteed to be actual boundary lines of property. The buyers shall make themselves familiar with the property and verify all information & data for themselves. The auctioneers and the sales staff are representing the seller. This auction is open to the public. We look forward to seeing everyone at the auction. Remember that the auction begins at 10:30 A.M. sharp, so don’t be late.

 

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